The reality is that Jaime Dimon is out of touch. On last year’s employee conference call, he was asked about return to office and how WFH has opened up significant flexibility for employees personal lives, specifically, children’s doctors appointments. He responded that your nanny should be taking the kids to your kids doctor’s appointments so you can work at the office.
“We’re not going to make that decision because we’re pandering to employees”
Is there such a thing as “pandering to employees”? The employees are doing the real work to keep the company going, while Dimon’s work apparently includes appearing on news stations ridiculing said employees.
Hopefully the next headline we hear about J.P. Morgan will be a mass voluntary attrition.
This is the state capitalism is currently. Raising morale of the employees is now “pandering”.
Nobody should listen to billionaire boomer fucks.
All the valuable employees: go to work somewhere else
Jamie Dimon: shocked Pikachu
Gee, I wonder how much he and JPMorgan are invested in commercial real estate.
… and car manufacturers, and oil companies, and tire companies, and the fast food franchises lining every freeway exit…
Ill give you a hint: JPMC owns one of the largest buildings in the United States, second only to the Pentagon. Their Columbus location is a multi-mile long, 6 story, repurposed Mall. And thats just one of 8 Non-Branch locations they use in Columbus.
I know dozens of people who work there. Most hate it
Parking is atrocious and you have to walk like 10 minutes from your spot to the building. And then I’m the building another 5 to your office
Oh and you thought you were leaving at 5? It’s a 30 minute commute just from the parking lot to the first street because of the traffic
Hang on!
If it was a shopping mall, surely it had really good parking. Why does everyone go to shopping malls instead of town centres? It easy to park!
They must have actively tried to break it!
Shopping malls tend to have choke points where the rapidly flowing road traffic transitions to more random car park traffic. Not a problem if a few thousand people are coming and going as they please throughout the day but thousands of people arriving together at 9:00 and leaving together at 17:00… they’re just not designed for that sort of thing.
Lol. So accurate. The streets to I70 are fucked, then you get on I70 and its backed up all the way to 270. Awful lmao.
Know what’s a good idea? Taking the two most important freeways in the city and having their on and off ramps overlap, and it’s for only 200 feet total. Won’t cause any traffic
never had a good experience dealing with Chase, I guess leadership feels the same for the employees?
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I worked for JPMorgan Chase before and this doesn’t surprise me one bit. Such a backasswards company that cares little for its customers or its employees. I will forever avoid doing any sort of business with Chase for as long as I live. Complete trash.
I’m betting he is heavily invested in commercial real estate. Empty buildings means losing money.
Almost certainly. Just like the office furniture company that put out this anti-WFH “news article”.
Seems to be a common theme among office furniture companies, get a load of this bitch
Another dinosaur from the past century resisting
21th21st century.Meanwhile, back in reality, my company isn’t upside down on commercial real estate & likes making more money so we are getting a smaller office to house our servers & equipment.
My company did the same. We had a six week assessment period where everyone was required to come in two days per week. Once that data showed no major difference in output, we got a smaller office (for receiving and such) and everyone was told the office is optional. Smart business that kept people happy.
This right here.
Find me a company deeply invested in office real estate (in particular, expecting a return on that real estate), and I’ll show you a company against remote work.
The real detriments don’t exist. True, I have met workers that don’t like remote work: companies have latched on to those people as an excuse to continue what is otherwise an entirely transparent narrative.
If anything I gain productivity by working from home. I see companies that don’t support that kind of work as entirely being behind the curve.
Pay people during their commutes, they “clock in” as soon as they get into their cars and “clock out” only when they get home.
That rewards employees for living as far away from the office as possible. Is that a fair thing to do? I seriously don’t know.
you’re right, let’s scrap offices altogether and wfh 100%
Something tells me there might be a middle ground here.
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I’m not sure why you’re talking to me like I’m suggesting some sort of crazy thing when I wasn’t even making any suggestions…
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Sometimes you just gotta pick someone to reply to the whole conversation going on
Does it? You are still working the same hours, it’s just that you are spending some of those hours driving. I suppose if you like driving more than your actual job? On the other hand, it makes your labor more expensive, and thus you are less competitive if other people happen to work closer. Why pay someone 8 hours of pay for 4 hours of work when you can pay someone 8 hours of pay for 8 hours of work, either because they live next door or they work remotely?
Not rewards, incentivises, means the employer has a larger labor pool to pick from, which in capitalism is good.
But isn’t making commutes longer a bad thing? Especially for the planet? And this is encouraging it.
Capitalism in general is bad for the planet
Decent public transportation can offset this easily
At which point they say, “if we’re paying you to sit on the train, you can do some work while you’re sitting there.”
Then hey, I can get some of my 8 hrs done on the train and only have to sit in the office for 6 hours! Sounds like a win-win to me.
His employees should take him up on that.
This is the ONLY thing they listen to. If you want to work from home and your employer doesn’t let you, it’s time to quit.
I have nothing bad to say about people who prefer going in to the office. I respect your preference and I understand it is necessary for some positions. You are valuable, too, and there’s plenty of places that would love to have you.
There’s room in this work world for both types of jobs. It’s not an either-or choice.
Anyone who can WFH and wants to WFH should be allowed to do so, full stop.
Pay people for the commute.
And for the commute time, regular pay
I would honestly rather have the time
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Yeah, but think of all the Arby’s and McDonald’s restaurants that are no longer getting any business from on-site employees!!1 Will someone please think of the poor Arby’s?!
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Every billionaire is a policy failure.
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